Caldwell Investment Management Ltd. Takes Position in Iron Mountain Incorporated (NYSE:IRM)

Caldwell Investment Management Ltd. bought a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,900 shares of the financial services provider's stock, valued at approximately $688,000.

Other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in Iron Mountain by 1.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,986 shares of the financial services provider's stock valued at $711,000 after acquiring an additional 89 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Iron Mountain by 0.8% during the third quarter. Assenagon Asset Management S.A. now owns 11,372 shares of the financial services provider's stock worth $1,351,000 after purchasing an additional 92 shares during the period. Schmidt P J Investment Management Inc. boosted its holdings in shares of Iron Mountain by 3.6% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 2,860 shares of the financial services provider's stock worth $340,000 after buying an additional 100 shares during the period. Claro Advisors LLC grew its position in shares of Iron Mountain by 0.6% in the third quarter. Claro Advisors LLC now owns 16,717 shares of the financial services provider's stock valued at $1,986,000 after purchasing an additional 103 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in Iron Mountain by 2.6% in the 3rd quarter. Raleigh Capital Management Inc. now owns 4,303 shares of the financial services provider's stock valued at $511,000 after buying an additional 107 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

Iron Mountain stock traded up $1.00 during mid-day trading on Tuesday, hitting $116.50. 1,028,584 shares of the company were exchanged, compared to its average volume of 1,601,903. Iron Mountain Incorporated has a 1-year low of $61.80 and a 1-year high of $130.24. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 674.63. The business has a fifty day moving average of $119.72 and a 200 day moving average of $103.81. The company has a market capitalization of $34.19 billion, a PE ratio of 323.61, a price-to-earnings-growth ratio of 6.88 and a beta of 0.99.

Iron Mountain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.715 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.86 dividend on an annualized basis and a yield of 2.45%. Iron Mountain's dividend payout ratio (DPR) is presently 794.44%.

Insider Transactions at Iron Mountain

In other news, CEO William L. Meaney sold 15,875 shares of the firm's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $117.36, for a total value of $1,863,090.00. Following the completion of the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at approximately $34,697,484. This trade represents a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Wendy J. Murdock sold 8,500 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $116.38, for a total transaction of $989,230.00. Following the transaction, the director now owns 14,829 shares in the company, valued at approximately $1,725,799.02. This trade represents a 36.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,125 shares of company stock valued at $6,613,584. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Iron Mountain from $120.00 to $135.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Barclays lowered their price target on Iron Mountain from $133.00 to $131.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group upped their price target on Iron Mountain from $106.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on Iron Mountain from $117.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised their target price on Iron Mountain from $82.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $129.40.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.